Mortgage Broker Test

Mortgage broker tests help businesses to assess whether candidates applying for a mortgage broker position have the aptitudes necessary to succeed in the role.

  • What is a mortgage broker test?

    A mortgage broker test helps recruiters assess whether an applicant has the skills needed to be a successful mortgage broker. It tests a variety of areas such as general mortgage knowledge, attention to detail, numeracy, customer service and situational judgement.

    The test involves answering a series of multiple-choice questions. The results can then be used to shortlist the top candidates from your talent pool. Topics might include mortgage lending vocabulary, knowledge of loan products, legal aspects of lending as well as situational judgement (such as which product you might recommend in different scenarios).

    Performing well on this test demonstrates a candidate has the required traits and abilities to be a mortgage broker for any mortgage brokerage business.

About the Mortgage Broker Test

A mortgage broker works with clients who are looking to purchase a property using a mortgage, and helps them negotiate the best deal between their client (the borrower) and a mortgage lender (typically a bank).

Skills such as negotiation, customer service, communication and general mortgage knowledge are all important skills needed, which is why a test that evaluates a candidate's proficiency in these can help to ensure you select the most suitable applicants for your position.

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  • Why should you use a mortgage broker test for recruiting?

    Hiring a mortgage broker can be challenging using traditional methods of recruitment. Resumes and online applications are typically weighted more towards experience than skills, which are difficult to assess without a test. There are also additional challenges when you receive applications from numerous candidates who have similar levels of experience.

    A mortgage broker test solves this difficulty by empowering the recruiter to administer the test to a large number of candidates. The results can then be used to provide comparative data, giving you insight into the suitability of each candidate, creating a more efficient and less biased hiring process.

    The test highlights a candidate's proficiency in key skills needed to be successful as a mortgage broker, such as their attention to detail, organisation, numeracy and ability to work with clients.

    Applicants who best meet the requirements of the role can be shortlisted, while those who do not demonstrate the required level can be excluded.

    A mortgage broker test could be useful for the following roles:

Picked Sample Report

View a sample report

Results for the Mortgage Broker Test along with other assessments the candidate takes will be compiled to produce a candidate report. The report is automatically generated and available both online and as a downloadable pdf so they can be shared with other team members and employees alike.

How our test assesses mortgage broker skills

Candidates will need to answer a range of questions that measure industry-specific technical skills where applicable (e.g. Microsoft Excel), soft skills (e.g. interpersonal), aptitude (e.g. numerical reasoning) and relevant personality dimensions (e.g. stress tolerance). The results present a holistic view of how well suited each candidate is for the job at hand, using a data-driven approach.

The format varies by type of question, including multiple-choice for aptitude and technical skills, situational judgement for soft skills and agreement on a Likert scale for the personality dimensions. This approach ensures candidates are being assessed in an accurate and fair manner, and that results reflect the true underlying qualities of each candidate.

The characteristics, abilities and knowledge necessary to be a mortgage broker were identified using the US Department of Labor's comprehensive O*NET database. O*NET is the leading source of occupational information that is constantly updated by collecting data from employees in specific job roles.

During the development process, test questions were rigorously analysed to maximise reliability and validity in line with industry best practices. They were created by our team of I/O psychologists and psychometricians – who collaborated with subject-matter-experts – and field-tested with a representative sample of job applicants who have varying experience, just like you might find in a talent pool.

Each test is reviewed by a panel of individuals representing diverse backgrounds to check for any sensitivity, fairness, face validity and accessibility issues. This ensures each candidate has a fair chance of demonstrating their true level of expertise.

Our mortgage broker test is monitored to ensure it is up-to-date and optimised for performance.


Predictor of job success

Picked provides evidence-based recommendations for tests to use for over 750 jobs. Our recommendation engine leverages data from the Occupational Information Network (O*NET) developed by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA).


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    Fully accredited

    All our Mortgage Broker tests are written by accredited psychologists and fully validated.

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    For all levels

    We offer Mortgage Broker tests for all levels so you can assess all roles within your organisation.


Energize selection process

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    Smart automations

    Automated actions such as alerts and reminders ensure a smooth candidate experience.

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    Instant results

    Receive candidate results in real-time so you can make decisions in hours, not days.


Make better hires

Improve hiring with bias-free, data-driven decisions.

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    Analytics dashboard

    Our full array of candidate performance metrics will provide actionable data on each of your candidates.

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    Candidate comparison

    Simple, easy-to-use candidate comparison reports mean you don’t need to be a psychologist to interpret them.

“We used Picked as part of our Finance Graduate Scheme recruitment and it was just what we needed – really simple to send candidates the link to complete and clear to see how they all compared. And great value for money!”
Christina, HR Director, Cancer Research, UK
Christina, HR Director, Cancer Research, UK
Mortgage Broker Test expert

Written by a Mortgage Broker Test expert

Our team of assessment experts is made up of I/O psychologists and psychometricians who are dedicated to making all of our tests as reliable, valid and fair as possible. They strictly adhere to best practices in the industry and stay on top of the latest innovations to ensure job candidates’ unique profiles of characteristics, abilities and knowledge are being measured accurately while minimising bias. They leverage decades of research and advanced predictive analytics to build assessments that link to outcomes that matter, such as job performance, turnover, engagement, culture fit and more.

“Personality profiling allowed us to perform lookalike modelling of our most successful employees and use this as a blueprint for new hires.”
Nick, HR Operations, Airbus, Spain
Nick, HR Operations, Airbus, Spain


What other tests are useful to use when recruiting a mortgage broker?

You might want to consider any software skills needed for the role such as Microsoft Office, as well as personality assessments and problem-solving tests such as abstract reasoning and diagrammatic reasoning.

Is the mortgage broker test difficult?

The mortgage broker test assesses an intermediate level of proficiency and uses a range of questions from easy to challenging.

What is the cost for Picked's mortage broker test?

Picked operates on a monthly or annual subscription basis. We have several plans to suit your hiring needs, which you can check out here. Alternatively, you can get in touch with us to discuss a custom plan.

Can I get a free trial?

Yes, simply sign up (no credit card is required) and we'll give you unlimited access for seven days. Create as many jobs and test as many candidates as you want; you won't be charged a penny.

“Focusing on data reduced the subjective decision making from our hiring process and allowed us to reduce bias and make better hiring decisions.”
Izzie, Head of HR, iZettle, Sweden
Izzie, Head of HR, iZettle, Sweden

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